The Client
Yagi & Co. Ltd. is a Fiber trading company based in Japan, managing over 660 employees worldwide. They hold domestic office locations at Osaka, Tokyo, Fukui, Nagoya and Wakayama within Japan. Worldwide, their overseas office locations include Shanghai, Ho Chi Minh City, Hanoi and Dhaka, Bangladesh. Their RMG product lines include cotton, synthetic yarn, fiber, knits, textiles, apparel, sportswear, innerwear, homeware as well as industrial fiber materials.
The Challenge
The global organization operated in Bangladesh as a liaison office, by attaining a permission from the Bangladesh Investment Development Authorities (BIDA). The challenge came in the form of strictly adhering to the policies of Bangladesh. The tight compliance environment was required to be followed rightly and timely in order to avoid severe financial consequences.
The Service
ACCLOW was engaged as an outsourcing partner to look after the full accounts Yagi & Co. Ltd, Dhaka, Bangladesh. We assumed full responsibility, and accountability, to perform all compliance activities throughout the year. Our team of experts deliberately advised the company and its management to develop internal policies for a sustainable future.
The Impact?
Since their involvement with ACCLOW, the organization has realized full control over handling their core business operations in peace. Considering their financials were managed effectively beyond their own boundaries. This has enabled them to grow from a team of just 5 employees to 50 employees today!
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